According to Bloomberg report, Maersk Tankers, the oil and gas shipping unit of A.P. Moeller-Maersk A/S, has secured employment for about 13%of its fleet’s earning days next year, compared with 24 percent for the remainder of 2011. (Bloomberg)
German lender HSH Nordbank could split off a "bad bank" for non-performing shipping loans as part of a plan to create a sustainable business model, according to a person familiar with the matter.
GAIL (India) Ltd has signed a preliminary deal with Royal Dutch Shell for the potential sale of liquefied natural gas (LNG) supply sourced from its portfolio, made up of US production,
Oil-market watchers are struggling to reconcile the large estimated oversupply in the market with the much smaller buildup of reported inventories and narrowing contango in futures prices.